| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23893 |
| 来源ID | Working Paper 23893 |
| Sizing up Market Failures in Export Pioneering Activities | |
| Shang-Jin Wei; Ziru Wei; Jianhuan Xu | |
| 发表日期 | 2017-10-09 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | We argue that existence of public good does not necessarily imply market failure, and illustrate this point in the context of international trade. An influential hypothesis states that export pioneers are too few relative to social optimum because the first exporter's action creates an informational public good for all subsequent exporters. The hypothesis has been invoked to justify certain types of government interventions. We note, however, that such market failure requires two inequalities to hold simultaneously: the discovery cost is neither too low nor too high. Neither has to hold in the data. We propose a structural estimation framework to evaluate the hypothesis, and estimate the parameters based on the customs data of Chinese electronics exports. Our key finding is that "missing pioneers" are a low-probability event for large countries, but can be a serious problem for small economies. |
| 主题 | International Economics ; Trade |
| URL | https://www.nber.org/papers/w23893 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581566 |
| 推荐引用方式 GB/T 7714 | Shang-Jin Wei,Ziru Wei,Jianhuan Xu. Sizing up Market Failures in Export Pioneering Activities. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w23893.pdf（394KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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